Tag Archives: Turkey

Garanti BBVA Celebrated at iF and A Design Awards for its Mobile and Pulse Apps and ‘My Home, My Car, My Travel’ Project

(IN BRIEF) Garanti BBVA has earned three major international honors — two from the iF Design Awards and one from the A Design Awards — for its leadership in digital design and innovation. The updated Garanti BBVA mobile app and … Read the full press release

SMART innovation by Garanti BBVA transforms digital payments with personalized card selection

(IN BRIEF) Garanti BBVA has launched SMART, a new feature that automatically selects the most advantageous card for each transaction, making it the first of its kind in Turkey. Initially available with Miles&Smiles Garanti BBVA and American Express cards, SMART … Read the full press release

Voith and Modern Karton achieve successful start-up of high-speed PM 6 in Zonguldak, boosting containerboard capacity in Turkey and Europe

(IN BRIEF) Voith, Modern Karton, and Harbin Electric International (HEI) have announced the successful start-up of the high-speed PM 6 paper machine and BlueLine stock preparation system at Modern Karton’s Zonguldak facility. Capable of producing up to 640,000 metric tons … Read the full press release

Wood to deliver project management consultancy for Turkey’s largest polypropylene plant under $18 million contracts

(IN BRIEF) Wood has secured $18 million in contracts to provide project management consultancy for Turkey’s largest polypropylene plant and terminal facility, part of the Ceyhan project in Adana province. Deploying more than 70 experts, Wood will oversee EPC works … Read the full press release

BBVA Rolls Out In-App Bitcoin and Ether Trading for Spanish Retail Customers

(IN BRIEF) BBVA now offers retail customers in Spain the ability to trade and custody bitcoin and ether directly through its mobile app, following clearance from the CNMV and in line with EU MiCA regulations. The fully integrated service, devoid … Read the full press release

BBVA Mobilizes €27 Billion for Sustainable Development in Emerging Markets at FFD4

(IN BRIEF) At FFD4 in Seville, BBVA announced it had allocated €27 billion in 2024 to sustainable infrastructure, climate action, entrepreneurship, and financial inclusion in Mexico, South America, and Turkey—up 60 percent from 2023—while its Microfinance Foundation provided €1.5 billion … Read the full press release

MAPFRE Surpasses Carbon Reduction Goals and Scales Up Global Offsets to Combat Climate Change

(IN BRIEF) MAPFRE has made significant strides toward its climate goals, cutting its operational carbon footprint by 25% in 2024—far exceeding its annual reduction target. Through a wide array of global offset projects, the company neutralized 80% of its footprint … Read the full press release

SYNLAB Divests Eastern European Units to Medicover, Sharpening Focus on Strategic Growth Markets

(IN BRIEF) SYNLAB has sold its operations in Eastern Europe—specifically in Croatia, Cyprus, North Macedonia, Romania, Slovenia, and Turkey—to Medicover Group, a major European healthcare provider. This move, representing about 1.5% of SYNLAB’s 2024 revenue, is part of the company’s … Read the full press release

Borçelik Partners with ANDRITZ for Advanced Furnace Installation to Boost Automotive Steel Production in Turkey

(IN BRIEF) Turkish steel manufacturer Borçelik has selected ANDRITZ to supply a versatile combi-line furnace for a new cold strip mill in Bursa. This advanced furnace will support both galvanizing and annealing operations, enhancing Borçelik’s production of automotive-grade steel. The … Read the full press release

Garanti BBVA Kripto Strengthens Security and Growth with Ripple and IBM Partnerships in Response to Rising Digital Asset Demand

(IN BRIEF) Garanti BBVA Kripto has partnered with Ripple and IBM to advance its digital asset platform, enhancing security and performance for its users. Through these collaborations, Garanti BBVA Kripto aims to strengthen its infrastructure to meet rising demand for … Read the full press release

EBRD Funds A101’s Green and Inclusive Growth with $200 Million Sustainability Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $200 million loan to Turkish retailer A101 to support its sustainability efforts. The loan will help A101 reduce energy consumption, install solar panels, and expand its store … Read the full press release

EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release

Leading Renewable Energy Partnership: Polat Enerji and ENERCON Expand Collaboration with New Wind Farm Projects

(IN BRIEF) Polat Enerji, a leading wind energy investor in Türkiye, has expanded its partnership with ENERCON by signing contracts to add 110.5 MW of capacity across three new wind farm projects. These projects, which include advanced wind turbines and … Read the full press release

PUMA Strengthens GCC Leadership with Key Appointments in Middle East and Turkey

(IN BRIEF) PUMA has announced leadership changes to bolster its presence in the GCC and surrounding regions. Johan Kuhlo has been appointed as Managing Director for the GCC, overseeing key markets like the UAE and Saudi Arabia, effective September 1. … Read the full press release

EBRD Supports Polinas’ Green and Inclusive Growth with €25 Million Loan for Sustainable Packaging Production

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s Polinas Plastik to enhance the company’s green credentials through resource and energy efficiency upgrades, including a new production line for recyclable packaging … Read the full press release

Mahmut Akten to Succeed Recep Baştuğ as CEO of Garanti BBVA and BBVA Country Manager in Turkey

(IN BRIEF) Mahmut Akten will become CEO of Garanti BBVA and BBVA Country Manager in Turkey, replacing Recep Baştuğ. The appointment is pending regulatory approval. BBVA has reorganized its global Client Solutions area, introducing new leadership for Commercial and Retail … Read the full press release

EBRD Backs Turkey’s Ulker with $90 Million Investment in Sustainability-Linked Eurobond

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested up to US$ 90 million (€83 million) in Ulker Biskuvi Sanayi’s first sustainability-linked Eurobond, part of a larger US$ 550 million issuance. This funding will help Ulker, a … Read the full press release

ANDRITZ to Supply Needlepunch Line to Şiteks for Expanded Production

(IN BRIEF) ANDRITZ has been selected by Turkish insulation felt manufacturer Şiteks to supply a complete needlepunch line for its Tekirdag facility. This investment will significantly increase Şiteks’ production capacity to meet global demand for needlepunched nonwoven insulation products in … Read the full press release

ANDRITZ Plays Key Role in Expanding Türkiye’s Renewable Energy Infrastructure with Silvan Hydropower Plant

(IN BRIEF) The Turkish water authority, Devlet Su İşleri (DSI), has chosen international technology group ANDRITZ to provide electro-mechanical equipment for the new 160 MW Silvan hydropower plant in Türkiye. ANDRITZ will supply turbines, generators, and associated equipment for the … Read the full press release

EBRD Launches €25 Million Digital Transformation Loan Initiative for Türk Ekonomi Bankası

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a groundbreaking Digital Transformation Financing Facility (DTFF) with a €25 million loan to Türk Ekonomi Bankası (TEB) in Türkiye, marking its inaugural transaction. Aimed at boosting the digital … Read the full press release